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MarketOrders was recently invited to be interviewed at the prestigious London Stock Exchange Studios in the heart of the financial district in London.

Sukhi Jutla, our founder and COO spoke about how MarketOrders is usuing technology to create more efficient and streamlined processes in the supply of precious gold and diamond jewellery products in the wholesale market

MarketOrders is an online marketplace helping independent retail jewellers to source the products they need faster, cheaper and direct from suppliers.

In this video Sukhi talks about how:

The gold industry is very old fashioned and has not fully embraced technology and this is where MarketOrders is helping to streamline the processes.

The main challenges facing retail jewellers and how MarketOrders is solving them

How blockchain technology can be used as a solution to create more efficient supply chains in the gold jewellery industry

Sukhi’s experience of being the first author in the world to publish a book on a blockchain

Watch the interview here:

About our founder, Sukhi Jutla

Sukhi Jutla is an award-winning entrepreneur and author of 3 books. She is the co-founder of MarketOrders, an online B2B platform for the gold and diamond jewellery industry. She is a leading international speaker, influencer and thought leader in tech and a qualified IBM Blockchain Foundation Developer. She is recognized by a number of industry awards including the Asian Women of Achievement Awards, Management Todays ’35 Women Under 35′ and named a Top 100 European Digital Pioneer by The Financial Times and Google. In April 2018 Sukhi made global headlines when she became the World’s First #1 Bestselling ‘Blockchain’ Author.

About MarketOrders

MarketOrders is an online marketplace helping independent retail jewellers to source the products they need faster, cheaper and direct from suppliers.

Buying jewellery is an emotional experience and most times it is being purchased for a special person or a special event.

This is why so many jewellery purchases happen in-store rather than online. But this is because no trusted marketplace exists which gives both the customer and retailer confidence to buy and sell online.

In the past, most purchases were done instore and the jewellery industry is not usually associated with embracing technology. But this is all changing.

At MarketOrders we have seen the trend shifting to embrace technology in the jewellery market.

We work hard every day to help our customer, the independent family jeweller to thrive on the high street by using MarketOrders as their technology partner.

We do this by leveraging the power of technology which allows our customer to access products globally using our marketplace.

For independent retail jewellers to remain competitive they need two things- incredible designs and lower prices in order to attract customers

MarketOrders is helping to create this by becoming the leading marketplace globally to offer the widest choice of products through one secure global jewellery marketplace.

Based on our extensive experience and in-depth industry expertise, here are 5 trends that will shape the jewellery industry in 2019

Customers want to shop more locally

It is a paradox that the more globally connected we become the more locally we tend to shop.

This is good news for the high retail jeweller. Commoditized products like toothpaste and groceries can be bought online but jewellery purchases are emotional and in most cases, customers want to see the product in the store. MarketOrders can help drive customers in store by providing the retailer with the widest choice of products which will attract in-store customers

The consumer journey typically starts on the mobile device but is increasingly ending up in the physical store. An increasing amount of people actually prefer to go to store. According to new research from Vista Retail Support, 81% of UK consumers see the physical store as vital to the shopping experience and 70% say they enjoy the full experience of going into stores to browse, see what’s new and buy what they like.

Technology to drive in-store purchases

The exciting use of technology will entice more consumers inside a store, research from Vista Retail Support showed 61% of consumers would visit regularly to use virtual and augmented reality applications, smart mirrors and interactive gaming. We will see an increasing number of stores offering virtual experiences. Imagine putting on a headset in store to see the mine where your gold and diamonds came from!

Customisation & data

Retail jewellers will continue to embrace customisations as they will begin to understand that customers will purchase more when they receive personalised recommendations and offers on smart devices. There will be an increasing trend and need for jewellers to better understand their data.

Millennials and Post Millennials drive purchases

This market segment is increasing, has purchasing power and most importantly are digital savvy. They embrace shopping online as well as making the majority of purchases through their smart devices. The jewellery industry will become more mobile optimised as they start to adapt to this new customer who values exciting, transparent and smooth shopping experiences. This generation also values experiences and would come in store if the experience was exciting.

MarketOrders helps independent retail jewellers to get the products they need faster, cheaper and direct from global suppliers. If you are an independent retail jeweller find out more at https://marketorders.net/

MarketOrders is pleased to announce their co-founder and COO, Sukhi Jutla is named as a Female Tech Trailblazer by the latest list announced by Business Cloud.

The list is made up of everybody from household names to inspirational women at the start of a journey in tech who have the potential to change the industry. The list is published online at Business Cloud as well in the Q4 2018 print edition.

Chris McGuire, BusinessCloud’s editor said:

We’ve ripped up the rule book…rather than limit ourselves to 101 names on our must-read lists we’ve taken off the brakes by publishing the names of 301 female entrepreneurs and pioneers of tech. One statistic that is trotted out is that only 17 per cent of people in the tech sector are women. We need to increase the number of women working in tech and we hope that by publishing a list of 301 female entrepreneurs and pioneers of tech, they’ll become role models to the next generation.’’

Ram Krishnna Rao, MarketOrders CEO said:

‘I’m very proud to have a diverse team as we actively encourage and promote more women in tech at MarketOrders so it’s great that my co-founder and COO Sukhi is recognised as a tech pioneer and serves as a role model to other women considering a career in technology.’

Sukhi announced as a Finalist in the Asian Women of Achievements Awards

MarketOrders speaks at the Diversity in Tech conference

June

MarketOrders invited to the London Stock Exchange to celebrate Women’s Entrepreneurship

Sukhi announced as a winner in the Rising Star Entrepreneur by WeAreTheCity Awards

MarketOrders speaks at London Blockchain Summit on Retail and blockchain and Women of Silicon Valley conference on raising investment

July

Sukhi announced as a top ‘35 woman to Watch’ by Management Today and featured in The Sunday Telegraph

MarketOrders beats 20 companies to win 1st prize of £100k investment at the London Blockchain Accelerator

MarketOrders speaks at Unbound conference, Department of International Trade on Women In Tech

MarketOrders appears on the Women’s Business Radio Show

August

MarkerOrders featured as a success story after graduating from the London & Partners Programme:

September

MarketOrders speaks at The European Entrepreneur Summit, E-commerce Blockchain Conference and Ministry of Entrepreneurship Conference

Sukhi announced as a semi-finalist in the Venus Awards for 2 categories: Influential Woman & Inspirational Women in Tech

October

Sukhi is one of 4 startup founder stories to be profiled for the launch of a nationwide campaign called #OneTechNation to inspire more women and individuals from underrepresented communities to consider starting an ambitious startup. Watch the video here:

MarketOrders attends an invite-only Roundtable discussion on the impact of Brexit on starts ups in London

MarketOrders invited to The London Stock Exchange Studies for an interview on technology trends in the gold industry. Interview coming soon!

November

Sukhi announced a finalist in the Catherine Variety Award for Entrepreneurial Spirit

MarketOrders announced a Top 100 European Digital Pioneer by The Financial Times & Google beating 4,000 nominations across Europe!

MarketOrders announced as a Community Partner for Tech Inclusion at Bloomberg to foster more diversity in tech

MarketOrders speaks at Business Growth Programmes Scaling to Success Conference

Invited to invite only Roundtable with Deputy Mayor Rajesh Agarwal on how to better support Female Asian Entrepreneurs

Plans for 2019

In 2019 we have big plans so watch this space. You will even have a chance to be a part of the MarketOrders team as we prepare to crowdfund soon. Sign up to the newsletter to stay up to date or drop Sukjhi or Ram a message on LinkedIn.

We will be focused on expanding our UK market share, entering into European markets, focused on new customer acquisition and exponential growth.

And Finally….

A massive THANK YOU to all our customers, partners and team and everyone who supports us in growing and developing MarketOrders.

Today, retail shopping involves one of two options; you either buy products online or walk into brick and mortar stores.

These days however more and more people want their goods to be delivered faster and cheaper to their doorsteps which continue to put pressure on traditional retailers or brick and mortar outlets.

But when online shops can’t quite deliver, the customer needs to go to the store themselves and this experience can be very frustrating. Therefore this cannot be the only option.

So let us introduce a new form of retailing called ‘Smart Retailing’ being pioneered by my company, MarketOrders. We are shaping up a new type of retail experience by combining the best of both online and offline retailing for the gold jewellery industry.

At MarketOrders, we call this a converging platform. Our platform is helping to redesign traditional stores into smart retail stores. We help retail jewellers to embrace new technology to enhance their traditional retail stores.

eCommerce and the high street don’t have to fight for sales. Instead, we help our retail jewellers discover how they can use digital tools like MarketOrders to help reach more customers by ordering smarter and cheaper.

Even though the world is becoming more digitised, there is still demand for in-person purchases. People don’t just want to buy a product. They want to buy an experience, especially when it comes to high-value items like gold and diamond jewellery.

Retail stores can embrace this growing trend through what we call ‘Smart Retailing’ and we are already helping traditional gold jewellery retailers to adapt to the new digital world in new and creative ways.

So let’s start with your experience when you visit any gold jewellery shop if you have been to one. It takes hours for you to choose and pick that perfect item for your loved ones.

You might not like the design or style or maybe it’s too expensive. It could also be a dull experience if you are having to get the attention of store staff and they are not being particularly helpful!

You could purchase the item online however that is also not a perfect experience. You may want to touch the item, feel it and try it on. The item may also need to be made to order and can’t accommodate a suitable delivery window in time.

From our experience, we have seen that most customers prefer to buy local especially when it comes to jewellery.

Now through the MarketOrders platform and its hyperlocal mobile commerce, everything will be customised the way you want (business owner and end consumers) and the experiences will be powered with technology. This will help the customers to make more informed choices and improve efficiency.

The MarketOrders platform allows the retailer or their customers to pick and choose what they want, when they want and at what price they want.

Purchasing gold jewellery is still operating in a very traditional way. The process was designed decades ago. The retailer has to visit the suppliers to find designs that suit his customers needs based on gut feelings as nothing is digitised or data-driven. This costs time and money and is an inefficient process.

MarketOrders redesigns this experience by bringing universal designs onto our platform. Retailers can view the products they want with no sales pressure to buy, no need to travel to the suppliers on the other side of the world and no longer having to leave the business unattended. Retailers can also purchase from one source instead of multiple distributors which is also time-consuming.

MarketOrders allows retailers to browse what they want and check the price suitability before placing the order and make a request to deliver or pick up at a particular time.

All the small traditional retailers can get a unique makeover by using the MarketOrders platform.

Most brick and mortar jewellery retailers have not changed the way they operate since the mid-eighties and these stores are the lifeblood of many localities and communities. Today they need to be more convenient to cater to today’s shoppers and satisfy their experiential desires.

The real transformation that MarketOrders will bring is digitising the traditional store.

The technology that MarketOrders is building will help traditional retailers with the analytics of their store. This will help decide what products they need, how much they need, who is their customers and etc.

This means the local stores will be better enabled to serve the needs of the local customers. The possibility for small brick and mortar shops are endless with MarketOrders where we are helping to reimagine the stores the way their customers want to shop. Smart Retailing is the future for the gold jewellery industry.

So much of the world has been revolutionized by technology yet the retail jewellery industry is still lagging behind.

The gold and diamond jewellery industry is still relatively untouched by the benefits of technology and this traditional industry which is run on trust has still not fully embraced the benefits that technology can bring to this sector.

It’s no longer enough to just have an online digital presence. The tech world is moving ahead fast with the rise of the blockchain, artificial intelligence (AI and machine learning (ML) that are all playing a critical role for the SME markets in general. these technologies are now being harnessed to authenticate products, speed up transactions and understand their customer profiles better in order to serve them in more new and innovative ways.

How SMEs can harness the power of new tech

MarketOrders is on a mission to harness the power of blockchain and AI in small retailers to bring in a new level of innovation.

At MarketOrders, we are excited about how innovation can be introduced into the retail industry via the application of the Blockchain and AI.

Since the gold and diamond jewellery industry is very new to technology and innovation, there is a huge unmet need in this market which will give rise to new opportunities and possibilities. This, in turn, will unlock a huge amount of potential. Blockchain and AI will give superpowers to small retailers who are better able to compete.

Small retailers especially those who only have brick and mortar shops are bogged down with complex and chaotic systems as most of the processes are conducted offline.

Just imagine the efficiencies that could be created when the SMEs embrace digital processes and look to the blockchain and AI to help them better reach their customers and serve them in new ways.

Small retailers not only have the potential to transform their businesses but can change or adapt the way they interact with customers.

The Rise of Smart Retailing

In this digital experiential economy, the customers first point of interaction is now online and mobile through their smartphones. It is vital SMEs can embrace mobile technology and ensure they are able to reach their customers in the way they engage with technology. We call this the rise of Smart Retailing

Today there are more phones than people in the world. MarketOrders will democratize access to smart retailing in the way that Google democratized access to information.

Having MarketOrders as a technology partner, retailers do not need to build technology but just plug into our ready-made platform.

The Gold Jewelry and Diamond industry are ripe for disruption

The coming revolution in the space of Blockchain and AI into smart retailing can only come from digital upstarts such as MarketOrders rather than any retail unit or existing retailers collectively because today’s industry disruptors tend not to be incumbents.

In years to come, Blockchain, AI and Automation in business practice will be viewed like how people viewed the internet; an essential part of the business like smartphones are today.

Stay up to date with the latest news by signing up to our newsletter here: https://marketorders.net/

On 13th Nov 2018, our COO and co-founder, Sukhi Jutla spoke at the ‘Seizing the Blockchain Opportunity’ event held by London & Partners.

The sold-out event bought together professionals working in the blockchain space and those wanting to learn more about the real-life use cases of blockchain and where the opportunities are.

We are on the cusp of a blockchain revolution. The last year alone has seen major corporates gain interest in the distributed ledger technology, and an increasing number of companies are starting and scaling rapidly in the space.

The event saw three panel discussions, outlined below, and welcomed speakers from early-stage start-ups all the way to major corporations in the blockchain industry, to discuss the reality of the space, its major challenges and the greatest opportunities for applying this emerging technology.

Panel 1: Opportunities and Dreaming Big: this panel discussed the major opportunities that are now possible thanks to blockchain technology, from creating a truly global marketplace to financial inclusion for the unbanked, digital identity solutions, supply chain transparency and more.

Key takeaways:

There are powerful use cases for blockchain that can be used for identification purposes to prevent fraud

As use cases on the blockchain increase, there could be issues with scaling

Users don’t need to understand the mechanics and technical aspects of the blockchain. Need to get them past that. Just how we use the internet and email without thinking about the technical work that happens underneath, we also need to start embracing blockchain and its benefits

We all use the internet and email but not all of us necessarily understand how it works!

Panel 2: What Keeps Me Awake At Night: this panel explored the main challenges that blockchain faces today, focusing on blocks such as limited transaction speeds, the energy usage of mining, the lack of regulation in the crypto space, amongst others

Key takeaways:

Can we truly get to a decentralised model or will we see the rise of centralised entities again in order to scale?

We need some level of regulation in order for investors to feel comfortable and confident in investing in ICOs

Educating the market and its end users in the possibilities of blockchain are important.

Giselle Frederick of Zingr explained how market vendors in Grenada, a small Caribbean island, were hesitant of the idea of using a blockchain enabled payment app until she explained they could use this technology to sell even more products to customers on the other side of the tiny island and be guaranteed payment!

Rodney Prescott of PWC talked about scaling, adopting blockchain with regards to the consensus mechanism and the rise of consortium structures.

Panel 3: How To Start A Career In Blockchain: attendees heard the personal stories of professionals who entered the space, who shared what led them to blockchain and how it is to work in the industry.

Key takeaways:

Have a growth mindset and actively learn about blockchainattend meetups, reach out to your blockchain role models and learn from them

If you can’t join a blockchain start up then create something yourself!

Since August 2018, WeAreTechWomen has been searching the UK for the best female tech talent in the country. With the support of headline sponsor Worldpay, WeAreTechWomen has now identified a shortlist of 200.

MarketOrders is thrilled to announce their co-founder and COO, Sukhi Jutla, has made the shortlist.

The public vote of support is now open for the 200 individual shortlist nominees. You can vote for Sukhi here: https://bit.ly/2SPeO5o

The TechWomen100 awards are the first of their kind to focus solely on the female tech talent pipeline and to also recognise the impact of champions, companies and networks that are leading the way for future generations of tech talent.

The full shortlist includes individuals from leading firms such as Amazon, Apple, EY, Fujitsu, IBM, Kurt Geiger, Lloyds Banking Group, Mastercard, Microsoft, O2 and PwC, alongside founders and entrepreneurs of tech start-ups.

Over the nomination period, WeAreTechWomen received over 500 nominations from across the UK and Northern Ireland. The calibre of entries for these awards was exceptional and all of the judges stated how difficult it was to arrive at the shortlist due to the amazing achievements of our nominees.

Vanessa Vallely, Founder of WeAreTechWomen said, “At WeAreTechWomen we have made it our personal mission to shine a spotlight on women working in tech. Our strategic aim is to highlight 500 female future leaders in technology by 2022. The response to this year’s awards has been fantastic and calibre of entries has been outstanding! I am so proud to see so many women in tech recognised for their achievements and really look forward to seeing who our final winners will be in December.

OneTech is a ground-breaking new initiative, supported by the JPMorgan Chase Foundation, to provide female entrepreneurs, and those from some of London’s most underrepresented communities, with the opportunity to start and scale a high growth tech business.

The lack of diversity costs the tech industry dearly in untapped potential, talent and growth. Capital Enterprise has long recognised that this needs to change.

This project will connect founders with mentors and access a range of workspace, pre-acceleration, acceleration and investment readiness opportunities.

We are aiming to get businesses to better understand why diversity and inclusion makes sense; what needs to be done to help diversify their recruitment and selection processes; and double the number of female and BAME (Black, Asian and Minority Ethnic) founders accessing investment by 2020.

We hope to inspire more women and individuals from underrepresented communities to consider starting an ambitious startup, and affect real change with supply, demand and culture change in London’s booming tech ecosystem.

#WeAreOneTech

On the 26th Sept 2018, MarketOrders COO, Sukhi Jutla, spoke on a panel on how and why retailers need to embrace blockchain.

Sukhi was joined by:

Denis Baranov, Principal Consultant – DataArt

Tony Long – Global eCommerce & Digital Marketing Lead, Kimberly-Clark

Terry Igharoro, Founder & CEO – InventoryClub

Panel: Bracing to Reap the Benefits of Blockchain

The impact that blockchain will have on retailers is huge! Companies that are educated in how to implement this effectively and efficiently will find themselves at a significant advantage over those still scrambling to figure it out. In this session hear how blockchain will impact data security, supply chain and payments!